Duplex with Separate
New
For Sale
$1,600,000
903 E 1ST Ave N, Salt Lake City, UT 84103
Residential, Salt Lake City, UT
Property Size4,032 SF
Lot Size0.12 Acres
Price / SF$396.83
Days on Market2
Property Features for 903 E 1ST Ave N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
1205
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Den, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4, Basement
Parking
9
Window features
Blinds
Patio and Porch features
Porch
Interior features
Basement Apartment, Bath: Primary, Closet: Walk-In, Den/Office, Disposal, Floor Drains, Kitchen: Second, Kitchen: Updated, Mother-in-Law Apt., Oven: Double, Dishwasher: Built-In
Exterior features
Basement Entrance, Double Pane Windows, Lighting, Porch: Open, Stained Glass Windows
Subdivision
AVENUES
Lot features
Corner Lot, Curb & Gutter, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
Wasatch
Middle school
Bryant
High school
West
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
09-32-454-013
Size
4,032 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4695
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Building Details
Year built
1891
Number of units
2
Flooring type
Hardwood, Carpet, Tile
Building materials
Brick, Stucco
Roof type
Asphalt
Architectural style
Other
Additional Structures
Other
Listing Agency:
Signature Group Real Estate · Realty ONE Group
(801) 208-3800
Listed By:
Rikki Curtis
(801) 703-8206
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 7:06PM
MLS# 2192149
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,032-square-foot duplex dates to 1891 and sits on a 0.12-acre lot. The residence has 6 bedrooms and 4 bathrooms, with a separate basement apartment, its own kitchen, and a basement entrance. Interior details include hardwood flooring, exposed brick, stained glass windows, and a porch. The kitchen has been updated, and the home also includes a den or office and a primary suite with a walk-in closet.
At 903 E 1st Ave N in Salt Lake City, the property includes a one-car garage, a two-car carport, and additional off-street parking. Heating is provided by a central forced-air natural gas system, and the property is served by public sewer.
At 903 E 1st Ave N in Salt Lake City, the property includes a one-car garage, a two-car carport, and additional off-street parking. Heating is provided by a central forced-air natural gas system, and the property is served by public sewer.
Key Highlights
- Duplex with a separate basement apartment and kitchen
- 4,032 square feet on a 0.12‑acre lot
- 6 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,770
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,400
$1.1M
Cap Rate 7%
$768,143
$768.1K
Cap Rate 9%
$597,444
$597.4K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$81.3K $20.16/SF
− Vacancy
−$4.5K −$1.11/SF
EGI
$76.8K $19.05/SF
− OpEx
−$23.0K −$5.72/SF
NOI
$53.8K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,400
Cap Rate 7%
$768,143
Cap Rate 9%
$597,444
Alternative Uses
Best Use
Multifamily LT 5
$768.1K
$672.1K – $896.2K
NOI $53,770 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$713.6K
$624.4K – $832.5K
NOI $49,950 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,040 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,634
Businesses Nearby
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Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A separate apartment adds a second living area alongside the main residence and its on-site parking.
Where is this duplex located?
The property is located at 903 E 1ST Ave N Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Duplex with a separate basement apartment and kitchen; 4,032 square feet on a 0.12‑acre lot; 6 bedrooms and 4 bathrooms
